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August 5, 2015
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LOS ANGELES COUNTY NEWS
Archive
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• Capital Real Estate Advisors Acquires 34k sf Retail Building in Glendale
12/10/12
An investment group led by Los Angeles-based Capital Real Estate Advisors (CRA) has acquired a 34k sf stand-alone grocery store north of downtown Los Angeles in the city of Glendale. The seller of the property was the previo...
Price: $4.99
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• TollFreeForwarding Forwards Its Corp HQ to 20k sf of LAX Space
12/07/12
TollFreeForwarding.com, an internet-based company out of Los Angeles, just leased 19.6k sf of space at 9841 Airport Blvd, in what were told is one of the largest leases in the LAX submarket in 2012. The 15-story, Class A offi...
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• Cabot Properties Acquires and then Leases 95k sf Hawthorne Facility
12/07/12
In deals that closed simultaneously, Boston-based Cabot Properties acquired a 94.6k sf industrial facility in Hawthorne and then signed American Apparel to a 10-year lease for the entire building. The property, located at 125...
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• Work Kicks Off at Culver City Creative Office Campus
12/07/12
Work has begun on a new Culver City project, WorkScapes at the Hayden Tract, a 126k sf creative office campus being developed by Hackman Capital Partners LLC. The groundbreaking at the site, on Monday of last week, followed t...
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• Owner/User Picks Up Industrial Facility in Downtown LA’s Garment District
12/06/12
In a recent industrial purchase in downtown LA’s Garment District, an 18.2k sf property traded for $1.7 mil, or $93/sf. The property is located at 2900 E. 11th St, east of Soto St and south of Olympic Blvd, near the 110/10/10...
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• TD Ameritrade and Chase Bank Take Ground Floor Space at Beverly Hills Tower
12/05/12
TD Ameritrade and Chase Bank are the latest big-name tenants to sign leases at Beverly Hills Gateway Tower, a 132k sf office building that recently underwent a $4 mil renovation. The two financial institutions join Manufactur...
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• LA’s Scottish Rite Masonic Temple Being Offered for Sale
12/05/12
We just learned of an iconic Los Angeles landmark that has come on the market, the Scottish Rite Masonic Temple, which occupies a full city block between the signalized intersections of Plymouth Ave and Lucerne Ave, with appr...
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• Santa Monica Property Acquired for Development Opportunity
12/04/12
A 22k sf development site at 1641-1645 Lincoln Blvd in Santa Monica was purchased for $7.5k. The property, situated between Broadway Ave and Olympic Blvd, is in one of the most sought after areas in Southern California. Cur...
Price: $4.99
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•  Investor Pays $379/sf for West LA Office Building
11/30/12
A six-story, 38.7k sf office building in West Los Angeles recently sold for $14.35 mil ($371/sf). The building, located at 8201 Beverly Blvd, between La Cienega Blvd and Fairfax Ave, is fully occupied by Aptium Oncology Inc, ...
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• Arizona State University Signs New Lease in Santa Monica
11/29/12
In a recent office lease comp from Santa Monica, Arizona State University (ASU) inked an expansion deal for a total of 9.4k sf, expanding on three floors, at Lincoln Place. The Class A office building, located at 725 Arizona ...
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•  Investor Pays $181k/Unit for Long Beach Apartment Building
11/29/12
A private investor purchased an eight-unit multifamily property in Long Beach for $1.45 mil, or $181.3k/unit. The property is located at 1021 Temple Ave, east of Cherry Ave and south of Anaheim St. Built in the 1987, the pro...
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• Auto Impound Operator Acquires LAX-Adjacent Property
11/28/12
A 25k sf industrial building just one block from Los Angeles International Airport was acquired by KMK Consortium for $3.1 mil ($124/sf). The property, located on just over one acre of land at 11101 Hindry Ave, will be occup...
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• Hines Achieves LEED Gold for Pair of Warner Center Office Properties
11/28/12
Two office buildings owned by Hines in LA’s Woodland Hills/Warner Center submarket have received Gold certification under the U.S. Green Building Council's LEED for Existing Buildings (EB) rating system. The buildings, locate...
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• NewMark Merrill Companies Picks Up Seven LA-Area Retail Management Contracts
11/27/12
LA-based NewMark Merrill Companies has picked up seven new property management contracts, totaling over 415k sf, and boosting its retail portfolio under management to over 10 msf of space. The company’s latest shopping center...
Price: $4.99
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• Investor Picks Up Adjacent West Hollywood Apartment Properties for $2.6 Mil
11/21/12
Golden Western LLC paid about $2.6 mil for two sister apartment buildings in West Hollywood. The properties have a combined 13 units ($200k/unit) and are located at 8000-8022 Fountain Ave, east of Crescent Heights Blvd and so...
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• Ethnic Foods Distributor Spends $16 Mil on City of Industry Facility
11/21/12
Ethnic food distributor Sun Hing Foods has acquired a 216k sf industrial facility in the City of Industry for $16.2 mil ($75/sf). Located at 14505 Proctor Ave, north of the 60 Fwy at 7th Ave, the building features heavy power...
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•  Newmark Realty Capital Arranges $100 Mil in Refi Money on Santa Monica Ground Lease
11/21/12
Newmark Realty Capital Inc has arranged permanent financing in the amount of $100 mil for the refinance of the fee interest in an unsubordinated ground lease located within the Santa Monica Business Park in Santa Monica. Th...
Price: $4.99
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• Torrance Strip Center Sells for Over $1,000/sf
11/20/12
A 4.2k sf retail strip center in Torrance sold for $4.62 mil, of $1,064/sf, in a deal that we’re told represents the highest sale price per square foot for a multi-tenant strip center in Los Angeles County in 2012. The proper...
Price: $4.99
Executive Subscriber Price: Free
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• Owner/User Acquires 82k sf City of Industry Building
11/19/12
An 81.9k sf industrial property in the City of Industry was purchased for $6.4 mil ($78/sf) by Super DLK LLC, a manufacturing company that plans to occupy 50 percent of the property as its manufacturing headquarters. The buil...
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• Kennedy Wilson Acquires The Academy Tower for $48 Mil
11/19/12
Kennedy Wilson has acquired The Academy Tower, an eight-story, 175k sf office building in North Hollywood, for $48 mil ($274/sf). Bank of America Merrill Lynch provided $29 mil of financing, while Kennedy Wilson invested $19 ...
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